Fund managers anticipate a bull run: BT survey- Business News
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Fund managers anticipate a bull run: BT survey

Around 72 per cent of them are ready to invest their own money at current levels, and 89 per cent expect the market to touch new highs on the back of FII flows.

 Mahesh Nayak   
  • January 29, 2013  
  • |  
  • UPDATED   16:42 IST

With the Bombay Stock Exchange Sensex crossing the 20,000 mark after two years, sentiment is positive among fund managers, found a BT survey.

Around 72 per cent of them are ready to invest their own money at current levels, and 89 per cent expect the market to touch new highs on the back of FII flows. Sixty-one per cent see this as the beginning of a bull run. The findings of the survey are presented below:

Q: With the index at 20,000, will you invest in the Indian equity market in the current environment?
Yes: 72%
No: 28%
 
Q: Do you see the RBI Governor obliging the street by cutting rates on January 29?
Yes: 89%
No: 11%
 
Q: Will he cut the rate by 25 basis points (bps)?*
Yes: 83%
No: 11%
 
Q: Are we at the beginning of a bull run?
Yes:  61%
No:  39%
 
Q: Will you be overweight, underweight or neutral on the Indian market?**
Yes: 72% (OW)
No: 28% (Neutral)
 
Q: Do you see the Sensex moving in the range of 20,000-23,000?***
Yes: 67%
No: 22% see it going above 23,000
 
Q: Will FII flows into the Indian market continue?
Yes: 89%
No: 11%
 
Q: Do you see India Inc's profitability growing between 15-18%?#
Yes: 50%
No: 38% see it below 15%
 
Q: Will the Indian economy see a revival in 2013?
Yes: 89%
No: 11%
 
Q: Will GDP growth range between 5.5-6%?##
Yes: 50%
No: 38% see GDP between 6-6.5%
 
Q: Are you concerned with India's twin deficits?
Yes: 93%
No: 7%
 
Q: Do you see gold touching new highs in the international market?
Yes: 39%
No: 61%
 
Q: Will the rupee hover between 50-55 to the dollar?###
Yes: 56%
No: 33% see it at $55-60
 
Q: Do you see crude Oil prices ranging between $90-$100 a barrel?~
Yes: 39%
No: 33% see it between $110-120
 
Q: Will inflation range between 7%-8%?~~
Yes: 56%
No: 38% see it between 5-7%


 
NOTES
* 6% feel there will be a rate cut of 50 bps
** OW = Overweight. No one was underweight on Indian equities   
*** Only 11% see the Sensex between 18,000 and 20,000
# 6% see India Inc's profitability between 18-20% and 6% see it at 20-25%  
## 6% see the GDP growth ranging between 6.5-7% and 6% see it above 7%  
### 11% see the rupee at $45-50  
~17% see crude oil above $110 and 11% see it between $75-90  
~~6% see inflation between 8-10%